Credit Suisse Sticks to Its Hold Rating for Eldorado Gold Corp


Credit Suisse analyst Anita Soni maintained a Hold rating on Eldorado Gold Corp (NYSE: EGO) on April 27 and set a price target of $1. The company’s shares closed on Friday at $0.96, close to its 52-week low of $0.80.

Soni said:

“Credit Suisse analyst Anita Soni maintained a Hold rating on Eldorado Gold Corp (NYSE: EGO) yesterday and set a price target of $1. The company’s shares closed yesterday at $0.96, close to its 52-week low of $0.80.”

According to TipRanks.com, Soni is a 1-star analyst with an average return of -3.1% and a 42.1% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Nexa Resources SA, Franco Nev Corp, and Agnico Eagle.

Eldorado Gold Corp has an analyst consensus of Moderate Sell, with a price target consensus of $1.17.

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Based on Eldorado Gold Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $132 million and quarterly net profit of $8.72 million. In comparison, last year the company earned revenue of $112 million and had a net profit of $3.83 million.

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Eldorado Gold Corp. engages in the development and exploration of mineral properties. It owns and operates gold, silver, lead, and zinc mines. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.

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